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Genex Power

Feb 05, 2021
Kidston connection deal paves way for 400 jobs

Kidston connection deal paves way for 400 jobs

Genex Power has welcomed a $147 million State Government pledge that will see its Kidston Pumped Storage Hydro Project hooked up to the national grid. The transmission line for the North Queensland power project is expected to support more than 400 new jobs during its construction. It will be built, owned and operated by Powerlink… ...

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Nov 19, 2020
Genex expects to seal hydro project deal within weeks

Genex expects to seal hydro project deal within weeks

Genex Power expects to reach financial close on its Kidston Pumped Storage Hydro Project by the end of 2020 after a series of setbacks. The company missed its September 2020 target date for delivering financial close on the project, which is expecetd to deliver 500 jobs in construction. But chairman Ralph Craven, speaking at the… ...

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Sep 25, 2020
Setback for pumped hydro project timetable

Setback for pumped hydro project timetable

Genex Power is working to finalise financing for its Kidston Pumped Storage Hydro Project after a the State Government this week reaffirmed its commitment of $132 million towards transmission infrastructure. The 250MW energy project, being built at the old Kidston gold mine site, has a total construction pricing of about $600 million, excluding transmission costs,… ...

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Sep 22, 2020
Genex secures site for Rocky battery storage project

Genex secures site for Rocky battery storage project

Genex Power has secured land adjacent to Powerlink’s Bouldercombe substation near Rockhampton for its large-scale battery storage project. The energy company said it intended to fast-track the development and would seek to have the project operational in the first half of 2022. Genex has also selected its preferred battery supplier following a competitive tender process,… ...

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Aug 10, 2020
Genex Power raises cash to fast-track CQ battery project

Genex Power raises cash to fast-track CQ battery project

Genex Power is on a fundraising drive to help fast-track the planned Como battery project in Rockhampton and cover financial close costs for the Kidston hydro project. The company has raised just over $21 million through a successful share placement and announced a share purchase plan today to raise a further $7 million. It comes… ...

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Aug 04, 2020
Genex to bring big battery project to Rockhampton

Genex to bring big battery project to Rockhampton

Genex Power has revealed plans for a big battery project in Central Queensland, with construction planned to begin next year. The 50MW/75MWh Como battery storage project will be built near Rockhamption and is expected to cost around $50 million to bring online. Genex Power is also continuing to advance its Kidston pumped hydro project south-west… ...

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Jul 01, 2020
Genex powers ahead with Kidston hydro plans

Genex powers ahead with Kidston hydro plans

Genex Power has pinned down construction pricing and secured a further extension for its NAIF loan offer as it steams towards financial close for the Kidston Pumped Storage Hydro Project. Genex chief executive officer James Harding said the company was focused on starting construction in the coming months – creating an estimated 500 jobs in… ...

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Apr 03, 2020
Strong construction scene in Townsville as COVID-19 hits

Strong construction scene in Townsville as COVID-19 hits

Townsville’s construction scene has strong momentum as it hits the coronavirus challenge, according to local economist Colin Dwyer. Mr Dwyer, from DS Economics, said activity was considerably stronger now than a year ago and he counts about $2.9 billion worth of work on the list he compiles of significant local projects either underway or likely… ...

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Mar 30, 2020
Offtake deal breakthrough for FNQ power project

Offtake deal breakthrough for FNQ power project

Genex Power has secured the energy offtake deal needed to push ahead with the Kidston hydro project in Far North Queensland. EnergyAustralia has agreed to an Energy Storage Services Agreement for up to 30 years for full dispatch rights from the planned 250MW plant. Genex expects to begin construction in the third quarter of this… ...

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